I am expecting a bounce of approximately 20% from current resistance level. Let's see how it plays out
Clear resistance at 0.6 Now a falling wedge pattern on lower volumes, pressure is building for a break out to the upside with fundamentals (contract news) to also follow.
#EQT - Channel based long. TA Rationale for buy - I looking for a replication of the bounce off the lower channel and RSI increase - Feb 20 bottom @ 5.25p to Feb 28 top @ 9.25 (see first green arrow). Fundamental rationale for buying - placing at 6.5p overhang and sell bias appears to have cleared and ask price continued to rise throughout the session. Entry...